financial inclusion

New Delhi, April 11 – As India’s Unified Payments Interface (UPI) celebrates its 10th anniversary on Saturday, the government announced that the country now accounts for 49% of global real-time payment transactions.The instant payments system processed 21.70 billion transactions in January...

New Delhi, April 10. Kenya has adopted India’s digital public infrastructure (DPI), including UPI-style instant payments and DigiLocker-style digital document storage, to supercharge its governance structure, a new report has said.Kenya’s administrative system, plagued by bureaucratic delays...

New Delhi, April 8: The Pradhan Mantri MUDRA Yojana (PMMY) has disbursed over ₹40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday.The Ministry of Finance stated that the scheme, launched by Prime Minister Narendra Modi in 2015...

Mumbai, April 6 The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages.In the draft norms on branch authorisation released on Monday, the central bank...

New Delhi, April 2 India Post Payments Bank (IPPB) opened accounts without verifying mobile numbers and linked the information of multiple customers to the same mobile number, the CAG said in a report tabled in Parliament on Thursday.The Comptroller and Auditor General of India, in the audit...

India Achieves Near-Universal Banking Access with 99.92% Village Coverage Banking Outlets Reach Almost All Inhabited Villages New Delhi, March 30: Nearly 99.92 percent of inhabited villages across India now have access to a banking outlet within a five kilometre radius, the Parliament was...

NABARD Projects Rs 3,723.49 Crore in Priority-Sector Credit for Arunachal Pradesh ITANAGAR, March 30 – The National Bank for Agriculture and Rural Development (NABARD) has released the State Focus Paper (SFP) 2026-27 for Arunachal Pradesh, projecting a potential of Rs 3,723.49 crore in...

SEBI Proposes Gift Cards for Mutual Fund Investments to Boost Financial Inclusion New Delhi, March 25: The Securities and Exchange Board of India (SEBI) has proposed the introduction of gift cards or gift prepaid payment instruments (PPIs) for investing in mutual funds, aiming to widen investor...

Digital NBFCs Drive Financial Inclusion with 9.9 Crore Loans in FY26, Says FACE Report Digital Personal Loans Dominate Volume Growth in India’s Credit Market New Delhi, March 24: Digital non-banking finance companies have significantly expanded access to formal credit in India, sanctioning...

Financial Access Empowering Women Across India, Says FM Nirmala Sitharaman on International Women’s Day Women Gaining Independence Through Financial Inclusion New Delhi, March 8: As India marks International Women’s Day on Sunday, Union Finance Minister Nirmala Sitharaman said that expanding...

Mumbai, February 23: Bharti Airtel on Monday announced plans to invest ₹20,000 crore over the next few years to scale up its digital lending operations through its Non Banking Financial Company subsidiary, Airtel Money Limited.The capital infusion signals a major push by the telecom major into...

Sovereign AI to Shape Design, Deployment and Governance in India New Delhi, February 17: Sovereignty in artificial intelligence will enable India to control how AI systems are designed, deployed and governed, with a focus on solving critical challenges in healthcare, education, agriculture and...

Transaction to Be Completed by March 31, 2026 New Delhi, February 16: BLS E-Services announced on Monday that it will acquire a 100 percent stake in Atyati Technologies for ₹154 crore in a fully cash transaction.According to a regulatory filing, the acquisition is based on the equity value of...

New Delhi, February 15 – M Nagaraju, Secretary, Department of Financial Services (DFS), has emphasized the need to improve the Credit-GDP ratio – making our financial institutions more agile and exploring new ways of financing on a larger scale in line with the goals of Viksit Bharat (Developed...